Monday 18 May 2015

Mongolia- Time to invest

Mongolia is a land locked country, extremely cold with large area and very little population. It is a peaceful country and has abundance of natural resources. Most of us have heard the name of chengaiz khan who was a Mongol warrior and later his successors founded the most brutal era of human history in which millions of men and women were killed.

Later successors of chengaiz conquered India (modern day India, Pakistan, Bangladesh) and ruled the region for centuries. So in a way we have some connection with modern day Mongolia.
Now a day Mongolia is one place which has a lot of potential of  growth and development, more than 60% of population is below 30 and these young people growing up in the age of internet have much more knowledge and desire to succeed than their ancestors. They are getting themselves acquainted with the western society and aspire to be like them which is driving them to improve there life style and have a better life .

Mongolian Nomads

Mongolian are moving from there traditional life style to urbanized way of life. As a general rule when societies grow new business opportunities comes up, which make Mongolia one of those places in world which require foreign investors to come and fulfill the demands of developing society. Although there are many developing countries in the world but if you will look around you will find most of those are already conquered by big corporations, which makes it hard for small business man to penetrate in it, but Mongolia is one such place where even small investor can invest and make big money.
Mongolian Capital- Ulan Bator 

Being an engineer i can say, there is a lot of potential for even small engineering design and services companies to make big money, as Mongolia is rich in minerals and a lot of business opportunities are available in mining, power, oil & gas and petrochemical sector. Now is the time for countries like Pakistan and small entrepreneur to start looking for opportunities in such countries, our companies can go over there and explore possible opportunities. Its like British used to conquer different territories about 300 years ago, and make use of that by doing business with them, now off course new way of conquering is to develop economic bonds.

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